Taiwan Semiconductor Manufacturing NYSE:TSM posted stronger than expected Q2 revenue as surging demand for advanced AI chips kept its growth engine running.
Revenue reached NT$1.27 trillion, or $39.63 billion, up 36% from NT$933.8 billion a year earlier. The result topped the $39.31 billion market consensus and landed near the upper end of TSMC's $39 billion to $40.2 billion guidance range.
TSMC is the world's largest contract chipmaker, manufacturing semiconductors designed by companies including Nvidia NASDAQ:NVDA, Apple NASDAQ:AAPLand AMD NASDAQ:AMD. Its advanced process technology makes it a critical supplier for AI accelerators, smartphones and high-performance computing systems.
June revenue rose 67.9% year over year and 6.2% from May to NT$442.68 billion, showing that momentum accelerated late in the quarter. First-half revenue climbed 35.6% to a record NT$2.404 trillion.